Puravankara JV in East Bengaluru: 5.5 Acres in Balegere with ₹1,000 Cr GDV
Puravankara Adds 5.5-Acre Joint Development in Balegere
Puravankara entered into joint development agreements for 5.5 acres of land in Balegere, with a development potential of approximately 0.85 million sq ft and GDV over ₹1,000 crores. The move, announced in late December 2025, reflects the developer's continued focus on East Bengaluru micro-markets as a growth corridor.
Project Scope and Timeline
The joint development of a 5.5 acre land parcel in Balegere, East Bengaluru, has a developable area of around 0.85 million square feet and a potential gross development value of more than ₹1,000 crore. The project is structured as a Joint Development Agreement (JDA), a capital-efficient model that allows Puravankara to scale its pipeline without proportionate balance-sheet leverage.
No formal launch or possession timeline has been announced. Like all new acquisitions in the pipeline, this project will proceed through Karnataka RERA filings before construction commencement.
Balegere: Location and Infrastructure
Balegere is a luxury locality situated in the eastern part of Bangalore, with the pincode 560087, and is close to places like Varthur, Siddapura, and Thubarahalli. The micro-market benefits from both proximity to employment clusters and developing social infrastructure.
For getting around, there are bus stops like Munekolala, a railway station called Carmelaram, and metro stations like Nallurahalli and Kundalahalli nearby, with people living in Balagere rating it 3.5 out of 5 for connectivity, and commuting is hassle-free. Balagere boasts well-planned infrastructure, including roads, parks, and utility services, and being close to major IT hubs like Whitefield adds to the appeal for professionals working in the tech industry.
East Bengaluru: Strategic Expansion Pattern
The site in Balagere enjoys strong and steady market demand due to its proximity to major IT hubs and well-established social and physical infrastructure, with this joint development underscoring Puravankara's sustained growth strategy and reaffirming confidence in East Bengaluru, one of the city's most dynamic and promising micro-markets.
The Balegere acquisition is part of a broader East Bengaluru strategy. The total acquisitions made by the company this year now touch 12.76 million sq ft of developable area with a cumulative GDV of approximately ₹13,900 crores in the cities of Bangalore and Mumbai.
Puravankara's Land Acquisition Strategy in Bengaluru
Founded in 1975, Puravankara Limited is one of India's most admired and trusted developers among the top real estate companies in India, with its headquarters in Bengaluru, and for five decades, the brand has been built on an unwavering commitment towards customer delight, responsibility, and trust.
Beyond Balegere, earlier this year, Puravankara advanced its Bengaluru growth plans through strategic acquisitions, including partnering with KVN Property Holdings LLP for a 24.59-acre parcel at KIADB Hardware Park in North Bengaluru, with a developable area of 3.48 msft and a potential GDV of over Rs 3,300 crores. The company also announced a major 53.5-acre acquisition in Anekal Taluk (Attibele Hobli), a south Bengaluru corridor, in December 2025.
The company has successfully delivered 86 residential and commercial projects measuring a whopping 50 million square feet, with a land bank of over ~36 million square feet and 23,000+ homes with a total area of over ~31 million square feet under development.
Segment and Product Strategy
Puravankara has launched three prominent brands, with Puravankara itself recognized for its luxurious, state-of-the-art projects that incorporate innovative technology to redefine future homes, and Provident Housing Ltd., a wholly owned subsidiary launched in 2008, addresses the needs of mid-income homeowners.
According to Ashish Puravankara, Managing Director, the scale and location of this Balegere project are ideal for an ultra-luxury offering tailored for individuals seeking a refined lifestyle that mirrors their success.